New Cars in Singapore - Market Summary, Competitive Analysis and Forecast to 2024

New Cars in Singapore - Market Summary, Competitive Analysis and Forecast to 2024

  • December 2020 •
  • 49 pages •
  • Report ID: 6072454 •
  • Format: PDF
New Cars in Singapore - Market Summary, Competitive Analysis and Forecast to 2024

Summary
New Cars in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country. Any currency conversions used in this report have been calculated at constant 2019 annual average exchange rates.
- The Singaporean new cars market had total revenues of $8.6bn in 2019, representing a compound annual growth rate (CAGR) of 4.5% between 2015 and 2019.
- Market consumption volume increased with a CAGR of 5.6% between 2015 and 2019, to reach a total of 76.5 thousand units in 2019.
- Singapore’s vehicle quota system previously lead to artificial booms in registrations and regulation-provoked sales, since the expiration of a certificate of entitlement forces deregistration and the replacement of a car after ten years.

Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Singapore
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore new cars market with five year forecasts by both value and volume

Reasons to Buy
- What was the size of the Singapore new cars market by value in 2019?
- What will be the size of the Singapore new cars market in 2024?
- What factors are affecting the strength of competition in the Singapore new cars market?
- How has the market performed over the last five years?
- Who are the top competitiors in Singapore’s new cars market?
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.